Parent company profit and loss account

for the year ended 31 March 2008

 

			2008	2007
	Notes		£m	£m
Administrative expenses			(15.7)	(13.0)
Operating loss	C		(15.7)	(13.0)
Net interest (expense)/income	D		(0.5)	8.7
Net foreign exchange gain			1.0	0.1
Loss on ordinary activities before taxation			(15.2)	(4.2)
Tax on loss on ordinary activities	E		–	–
Loss for the financial year	L		(15.2)	(4.2)

The comparative figures cover the period from 30 June 2006 to 31 March 2007.

The Company has no recognised gains and losses other than those included in the profit and loss account, and therefore no separate statement of total recognised gains and losses has been presented.